It was a pleasure meeting some of you during the investors' day at our creative headquarters in Leeds. First and foremost, I want to express my gratitude for your interest in our journey and business at Frenzi.
We're at an exciting juncture poised for significant strides towards a successful future. We firmly believe in the potential for substantial returns, whether it's through listing on the stock exchange or being acquired by a major competitor.
As you're aware, both of us have encountered challenges with investment not meeting the intended targets for Frenzi. Despite making commendable progress along our roadmap, we recognize the need to raise additional funds to accelerate our impact in the UK market.
This, in turn, directly affects the timeframe for the significant increase in the value of your shares. That being said, we understand that some investors have experienced disappointment with businesses failing to deliver returns. However, I want to assure you that with your continued financial support, Frenzi is poised for exponential growth. It's crucial to note that the shares, even in circumstances where little or none of the funds reached us, will be appreciated significantly if we achieve our potential through the ongoing support we require.
With the imminent launch of our app, which will facilitate sign-ups for fleet companies and individual taxi drivers eager to utilize our platform, we've decided to extend a special offer to our existing investors. This offer will allow you to increase your share percentage significantly through an internal share deal, featuring a lower valuation of our company, thereby granting you a larger share of ownership. Additionally, upon the app's launch and the commencement of our second fundraising round in the coming weeks, the share price is expected to rise, along with the potential valuation.
We value your loyalty and believe that this offer reflects that sentiment. Furthermore, we’re excited to welcome a new member to our team as the Investment Relationship Manager, bringing expertise in key areas such as EIS, SEIS, and general tax relief. This addition will bolster our ability to support our investors and propel the company towards substantial returns on investment. The dedication and commitment of my team and myself to Frenzi are evident every day.
Moving forward, we aim to host more investment events across the country to engage with even more of our valued investors. The amount you choose to invest further, please know that we value this, and your contribution to Frenzi and eagerly anticipate updating you on how your investment has contributed to our company's progress.
Due to the issues we have had with some of the third-party brokers you have dealt with, we have new bank details and can email you a form enclosing the special investment deal available strictly to previous investors and for a short period of time.
Thank you Stephen Clark
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